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Sundy Service Group Co. Ltd ( (HK:9608) ) just unveiled an announcement.
Sundy Service Group has subscribed to principal-guaranteed structured deposit products with China Minsheng Bank totalling RMB25.9 million via its subsidiaries Hangzhou Qiyu and Zhejiang Hechen, using idle internal funds in a bid to improve investment income. The deposits, including a 91-day gold-linked binary structured product with an expected annualized return of 1.0%–1.63% and a conservative risk rating, qualify as discloseable transactions under Hong Kong Listing Rules, underscoring the group’s ongoing effort to optimize cash management and generate low-risk yields for stakeholders within regulatory boundaries.
The most recent analyst rating on (HK:9608) stock is a Hold with a HK$0.06 price target. To see the full list of analyst forecasts on Sundy Service Group Co. Ltd stock, see the HK:9608 Stock Forecast page.
More about Sundy Service Group Co. Ltd
Sundy Service Group Co. Ltd, incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries including Hangzhou Qiyu and Zhejiang Hechen, and actively manages its financial resources by deploying idle internal funds into bank and structured deposit products to enhance returns.
Average Trading Volume: 1,192,037
Technical Sentiment Signal: Sell
Current Market Cap: HK$238.1M
See more data about 9608 stock on TipRanks’ Stock Analysis page.